Retail/Warehouse Investment
12270 S 700 E Draper, UT 84020
12270 S 700 E, Draper, UT, 84020
Contact for pricing
For Sale
Contact for pricing
Pending
Fully leased NNN retail/warehouse with two tenants and ample on-site parking for durable operating stability.
Property Size5,800 SF
Lot Size0.57 Acres
Days on Market50
Property Features for 12270 S 700 E
General Information
- Standard status
- Pending
- Size
- 5,800 SF
- Lot size
- 0.57 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1988
Listing agency
KW Utah Realtors Keller Williams
Listed by
Shad Selmos · License #UT 9241614SA00
Source
Crexi
Added: Jun 2 Updated: Jul 10 at 1:51PM Checked: Jul 21 at 9:57AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of KW Utah Realtors Keller Williams
Investment Insights
Based on property information with market context.
This retail/warehouse investment property offers approximately 5,800 square feet on 0.57 acres, with 24 parking stalls. The building is fully leased to two established tenants operating under NNN lease structures. Tenant occupancy includes Advanced Doors, with 8 years remaining on its lease, and Benepets, which recently executed a 3-year lease renewal.
Located at 12270 S 700 E in Draper, Utah, the property sits along a commercial corridor described as one of the city’s most desirable. It provides convenient access to Interstate 15 and the surrounding Salt Lake Valley, supporting day-to-day customer and logistics needs for these uses.
For buyers seeking a hands-on or managed investment, the current tenant roster and NNN lease setup provide a straightforward path to operating the asset. The leases also reflect rental rates above current market averages, according to the offering materials provided. The property is offered for sale at $1,800,000 and an indicated 6.0% cap rate. Square footage is an estimate from County Records; buyers are advised to confirm measurements independently prior to closing.
Located at 12270 S 700 E in Draper, Utah, the property sits along a commercial corridor described as one of the city’s most desirable. It provides convenient access to Interstate 15 and the surrounding Salt Lake Valley, supporting day-to-day customer and logistics needs for these uses.
For buyers seeking a hands-on or managed investment, the current tenant roster and NNN lease setup provide a straightforward path to operating the asset. The leases also reflect rental rates above current market averages, according to the offering materials provided. The property is offered for sale at $1,800,000 and an indicated 6.0% cap rate. Square footage is an estimate from County Records; buyers are advised to confirm measurements independently prior to closing.
Key Highlights
- 5,800 SF retail/warehouse on 0.57 acres, built in 1988
- Fully leased to two tenants on NNN leases
- Advanced Doors tenant: 8 years remaining on its lease
Local Financial Insights For Flex RnD
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $148.2k | $25.56 |
| − Vacancy | −$8.2k | −$1.41 |
| EGI | $140.1k | $24.15 |
| − OpEx | −$49.0k | −$8.45 |
| NOI | $91.1k | $15.70 |
5,800 SF · lease $25.56/SF/yr · vacancy 5.50% · expense 35.00%
Alternative Uses
Best Use
Flex RnD
$1.30M
$1.14M – $1.52M
NOI $91,061 @ 7.0% cap · market cap 5.06%
Second Best
Retail
$1.24M
$1.09M – $1.45M
NOI $86,866 @ 7.0% cap · market cap 4.83%
Theoretical Best
Multifamily LT 5
$77.23M
$67.58M – $90.10M
NOI $5,406,040 @ 7.0% cap · market cap 300.34%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sparkling ponds LLC
Hardware & Home Improvement
Benepets
Food Processing Plant
Shingle Guard Roofs
Roofing Company
Advanced Garage Door
Building Supply
Similar For Sale Nearby
FAQs
What type of property is this?
Flex space - Fully leased NNN retail/warehouse with two tenants and ample on-site parking for durable operating stability.
Where is this flex space located?
The property is located at 12270 S 700 E Draper, UT.
What is the asking price?
The asking price for this property is $1,800,000.
What are key features of this property?
This property features: 5,800 SF retail/warehouse on 0.57 acres, built in 1988; Fully leased to two tenants on NNN leases; Advanced Doors tenant: 8 years remaining on its lease
